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    For Sale (15)

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    Downtown Kingsport Commercial Space
    $239,000
    4,582 SF

    Downtown Kingsport Commercial Space

    Cleared commercial space in downtown Kingsport, ready for new business.

    104 W Main St, Kingsport, TN 37660
    View details
    Tennessee Countryside Land Opportunity
    $395,000
    90.00 Acres

    Tennessee Countryside Land Opportunity

    90+/- acre Tennessee land ideal for homestead or livestock.

    Highway 131, Thorn Hill, TN 37881
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    Kingsport Commercial Building For Sale
    $1,095,000
    8,759 SF

    Kingsport Commercial Building For Sale

    Free-standing building on West Stone Drive, suitable for retail/office.

    4214 W Stone Dr, Kingsport, TN 37660
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    Cleared Land in Gate City
    $74,500
    6.50 Acres

    Cleared Land in Gate City

    6.5 acres of cleared land with convenient access.

    E Carters Valley Rd, Gate City, VA 24251
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    Kingsport Land Parcel For Sale
    $40,000
    1.80 Acres

    Kingsport Land Parcel For Sale

    1.8 acre land parcel near shopping and dining.

    Mountain Dr, Kingsport, TN 37664
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    Kingsport TN Building Lot
    $32,500

    Kingsport TN Building Lot

    Prime building lot near Warriors Path Park and Golf Course.

    Warrior Falls Dr, Kingsport, TN 37664
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    Kingsport TN Building Lot
    $32,500

    Kingsport TN Building Lot

    Prime building lot near Warriors Path Park and Golf Course.

    Warrior Falls Dr, Kingsport, TN 37664
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    Land with Barndominium in Stanley Valley
    $150,000
    4.00 Acres

    Land with Barndominium in Stanley Valley

    Four acres with unfinished barndominium, ideal for outdoor enthusiasts.

    7467 Stanley Valley Rd, Gate City, VA 24251
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    Kingsport Commercial Building with Parking
    $895,000
    15,468 SF

    Kingsport Commercial Building with Parking

    15,468 SqFt building with parking on 1.91 acres.

    2008 American Way, Kingsport, TN 37660
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    Unrestricted Land with Mountain Views
    $139,000
    43.10 Acres

    Unrestricted Land with Mountain Views

    46.84 acres of unrestricted land perfect for hunting and recreation.

    Clinch Mountain Rd, Eidson, TN 37731
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    Renovated Historic Commercial Building
    $319,000
    1,400 SF

    Renovated Historic Commercial Building

    Fully renovated historic building suitable for various commercial uses.

    138 Antique St, Gate City, VA 24251
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    Corner Lot in Premier Development
    $64,900
    0.44 Acres

    Corner Lot in Premier Development

    Corner lot in Kingsport's premier development with breathtaking views.

    1270 Ridgetop Trl, Kingsport, TN 37664
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    Kingsport Retail/Commercial Opportunity For Sale
    $419,000
    4,121 SF

    Kingsport Retail/Commercial Opportunity For Sale

    Versatile commercial space with high visibility and flexible owner financing.

    3504 Fort Henry Dr, Kingsport, TN 37664
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    I-26 & I-81, Kingsport, TN 37663
    Contact for pricing

    I-26 & I-81, Kingsport, TN 37663

    Commercial land

    I-26 & I-81, Kingsport, TN 37663
    View details
    Bristol Golf Club Opportunity
    $2,630,000
    10,550 SF

    Bristol Golf Club Opportunity

    18-hole golf course with development potential near Hard Rock Casino.

    115 Cedar Creek Rd, Bristol, TN 37620
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    For Lease (1)

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    Downtown Kingsport Commercial Space Available
    $1,800 / Mo
    1,800 SF

    Downtown Kingsport Commercial Space Available

    1800 SF commercial space with roll-up doors in Kingsport.

    422 E Market St, Kingsport, TN 37660
    View details

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    Blue Ridge Properties
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Blue Ridge Properties
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